Huntington Ingalls Industries, Inc. (NYSE:HII) Plans Quarterly Dividend of $1.41

Huntington Ingalls Industries, Inc. (NYSE:HII) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Friday, November 27th will be paid a dividend of $1.41 per share by the aerospace company on Friday, December 11th. This represents a $5.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, November 27th. This is a 2.2% increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.38.

Huntington Ingalls Industries has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Huntington Ingalls Industries has a payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Huntington Ingalls Industries to earn $20.83 per share next year, which means the company should continue to be able to cover its $5.52 annual dividend with an expected future payout ratio of 26.5%.

Huntington Ingalls Industries Price Performance

Shares of HII stock traded up $1.91 during trading hours on Wednesday, reaching $274.13. 459,481 shares of the company were exchanged, compared to its average volume of 526,519. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.14. The company has a market cap of $10.80 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 1.01 and a beta of 0.21. The stock’s fifty day moving average is $282.28 and its two-hundred day moving average is $306.87. Huntington Ingalls Industries has a fifty-two week low of $255.35 and a fifty-two week high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.48. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the previous year, the company posted $3.86 EPS. Huntington Ingalls Industries’s revenue was up 10.9% on a year-over-year basis. Sell-side analysts forecast that Huntington Ingalls Industries will post 18.47 earnings per share for the current fiscal year.

Insider Activity at Huntington Ingalls Industries

In other news, CEO Christopher Kastner sold 13,070 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the transaction, the chief executive officer owned 11,224 shares of the company’s stock, valued at $3,646,902.08. This represents a 53.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HII. BlackRock Inc. acquired a new position in Huntington Ingalls Industries in the second quarter valued at about $944,877,000. Bank of New York Mellon Corp acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth about $75,094,000. Deutsche Bank AG acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth about $64,769,000. State Street Corp grew its position in shares of Huntington Ingalls Industries by 8.4% during the 2nd quarter. State Street Corp now owns 2,922,717 shares of the aerospace company’s stock worth $818,039,000 after buying an additional 227,439 shares during the period. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $55,449,000. 90.46% of the stock is currently owned by institutional investors.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc (NYSE:HII) is an American defense company that designs, builds, maintains and modernizes ships for the U.S. Navy and other government customers. Its shipbuilding activities include nuclear-powered aircraft carriers, submarines, amphibious assault ships, destroyers and other surface vessels, along with fleet sustainment and modernization services.

HII operates through its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Newport News Shipbuilding is involved in the construction and maintenance of nuclear-powered aircraft carriers and submarines, while Ingalls Shipbuilding builds surface combatants and amphibious ships.